QUESTION 11 The aim of lean production is to .... A.provide low costs through disciplined production B.optimise costs and waste C.have minimal waste only D. have low costs only
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QUESTION 11
The aim of lean production is to ....
A.provide low costs through disciplined production
B.optimise costs and waste
C.have minimal waste only
D. have low costs only
QUESTION 12:
Competitive priorities are determined by
A.Cost, speed, quantity and resilience
B.Cost, speed, quality and flexibility
C.Cost, time and quality
D.Cost, speed and quality alone
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- 20:02 O 49 ll 82%i Q. Jack is concemed about his company's corporate image and has decided against using hires and fires, Instead, he has asked you to consider a chase aggregate plan using the current workforce supplemented by either overtime or undertime demand exactly. He has asked for the following information from you: change capacity to match (a) How many production hours would be required each period to produce the exact quantity needed? (b) How many regular-time production hours are available each period? (c) How many overtime production hours would be needed each period? (d) Show what would happen if this plan were implemented. (e) Calculate the costs associated with this plan. (f) Evaluate the plan in terms of cost, customer service, operations, and human resources. (g) Compare this chase strategy with level strategy and conclude which is better. ?Problem 10 Valdez Motors Co. makes motorcycles. Management wants to overhead costs to plan its operations. A recent trade publication revealed that overhead costs tend to vary with machine hours. To check this, they collected the following data for the past 12 months. estimate Overhead Costs P 4,500 4,225 4,321 5,250 4,800 5,100 4,450 4,200 5,475 4,760 4,325 3,975 Month No. Machine Hours 175 170 3 160 4 190 5 175 200 160 7 150 9 210 10 180 11 170 12 145 Requirements 1. Use the high-low method to estimate the fixed and variable portion of overhead costs based on machine hours. 2. If the plant is planning to operate at a level of 200 machine hours next period, what would be the estimated overhead costs? 3. Use the method of least square to estimate the fixed and variable portion of overhead costs based on machine hours.1 Infinite source. One of the features of a new machine shop will be a well-stocked tool crib. The manager of the shop must decide on the number of attendants needed to staff the crib. Attendants willreceive $9 per hour in salary and fringe benefits. Mechanics’ time will be worth $30 per hour, whichincludes salary and fringe benefits plus lost work time caused by waiting for parts. Based on previousexperience, the manager estimates requests for parts will average 18 per hour with a service capacity of 20 requests per hour per attendant. How many attendants should be on duty if the manager iswilling to assume that arrival and service rates will be Poisson-distributed? (Assume the number ofmechanics is very large, so an infinite-source model is appropriate.)
- Capacity planning exercise A department works one eight hour shift, 250 days a year. How many machines (with the given processing times) would be needed to handle the required volume? Annual demand Standard processing time/ unit (h) Total time needed 50000 5 80000 8 100000 4 60000 6 Total: What would be the utilization rate for each machine?Q1 (Process Analysis) - An MSU startup is contemplating a new process to refurbish and recycle rundown equipments. The five steps to the process are: Step Description 1 Register for the process 2 Strip off bad parts 3 Scrub and clean parts 4 Insert new parts 5 Polish and deliver Time Required per equipment 10.0 minutes 15.0 minutes 8.0 minutes 10.0 minutes 12.0 minutes. One employee will be assigned to each step. Employees will work a 40-hour week (no breaks) and rotate jobs each week. City of Lansing requires 200 refurbished equipments per week but they are unsure that the MSU startup can deliver. a. Create a column chart that displays the cycle time for each of the 5 steps. b. What is the processing rate for each step, in Equipments/Hour? Step 1 2 3 Processing Rate (equipments/hour) 6 4 7.5 4 5 6 5 c. What is the bottleneck? I believe that the bottleneck is Step 2 as that step takes the longest. d. Assuming the process runs as designed, what is the maximum weekly output? Maximum…29) The frequency for tactical level of revenue management decision is? A. Daily or weekly B. Real time C. Quarterly or annually D. All of the above
- Problem 16-15 (Algo) The owner of a large machine shop has just finished its financial analysis from the prior fiscal year. Following is an excerpt from the final report: Net revenue $ 378,000 Cost of goods sold 323,000 Value of production materials on hand 42,500 Value of work-in-process inventory 55,000 Value of finished goods on hand 21,500 Compute the inventory turnover ratio (ITR). (Round your answer to 1 decimal place.) Compute the weeks of supply (WS). (Do not round intermediate calculations. Round your answer to 1 decimal place.)QUESTION 1 According to the time-based strategy, check out this scenario. if the processing time is reduced from 2 hours per a product, to only 1 hour per product, the time to market will be longer and customer service is not enhanced O True O False QUESTION 2 Quantity Year 1 Year 2 J F M A M J JASOND Months O True O False O Not enough information Based on theabove figure, the demand pattern is seasonal in which you can notice that April month in year 2 has the highest possible demand value.What is the answer to this question: The stylish hair salon has three stylists who provide services to women. After checking in with the receptionist, which takes an oaverage of 1min/customer, hair is washed and styled for 25 min on average, then payment takes 3 min. b) what i the average throughput time?
- Problem 3-5 (Algo) Best Bicycles manufactures three different types of bikes: the Tiny Tike, the Adult Aero, and the Mountain Monger. Assume that Best Bicycles operates two shifts, each with 1,750 hours per year. Bike Tiny Tike Adult Aero Mountain Monger Demand Porecast Processing Time (minutes/unit) 29.3 23.8 15.3 (units/year) 45,630 44,800 24,800 Lot Size (# of bikes) 26 26 32 Setup Time (minutes/setup) 52 82 48 pictureClick here for the Excel Data File PLEASE NOTE: The Excel file shows the column C values for Processing time rounded to a whole minute. You'll get the answer wrong If you use this rounded value. In Excel, select cells C3 to CS and on the Home ribbon, in the Number section, click the Increase Decimal button. Calculate the required capacity for this year's production. Note that the times are given for assembly lines, so capacity calculations should be in terms of the number of lines necessary. (Round up your answer to the next whole number.) Number of assembly linesPlease attached question #2 ONLY in reference to question #1 regarding Operation Management. ThanksQuèstion Check the Correct Answer: The type of business is: O Retailing O Service O Manufacturing O Wholesailing Search the web and Windows